The Role and Impact of Remittances on Small Business Development during Cuba’s Current Economic Reforms

Abstract

This paper explores the extent to which Cuban remittance recipients are responding to the Cuban government’s current economic reforms which seek to incentivize entrepreneurial activities as an economic growth strategy and state liberalization policy. In so doing we hope to make some preliminary observations and recommendations about the potential role and impact of remittances in Cuba’s socio-economic development. It is based on an original survey conducted in Cuba in 2012.